Cherokee, Helena, Carmen: northern Oklahoma Mississippi Lime with 1,247 producing wells, and one of the counties where the play's water problem hit hardest.
Alfalfa County is northern Oklahoma Mississippi Lime, and it is one of the counties where the play's water problem hit hardest. Roughly 1,247 wells produce out of about 4,267 drilled, with no rigs and no permits in the recent window.
The short history: the horizontal Mississippian ran hard from roughly 2011 to 2015 and then slowed sharply. The wells produced very large volumes of water relative to oil, disposal costs rose, returns disappointed, and northern Oklahoma also saw induced seismicity concerns tied to disposal volumes that brought regulatory action on injection.
We put that up front because Alfalfa acreage still gets marketed on boom era numbers. An honest valuation prices the wells that exist, models their actual decline, and applies a realistic probability to future drilling rather than a promotional one. We show you both components and the assumptions behind each.
Wells that survived the cycle have generally settled into a predictable decline, which makes them relatively easy to value honestly. That is a real income asset even if it is not an exciting one.
SandRidge, Mach Natural Resources, Revolution Resources, and Superior Production are among the largest producing operators.
If you are unleased and a well is proposed, expect a Corporation Commission pooling order with a 20 day election window, and note that failing to elect generally means you are deemed to have taken the smallest royalty and largest bonus. See our forced pooling guide.
Send a check stub or a legal description and we will run the records free, whether or not you sell.
The dominant recent target, developed heavily during the 2011 to 2015 cycle.
Additional Mississippian intervals across the county.
Roughly 4,267 wells drilled with about 1,247 still producing.
Wherever your tract sits in Alfalfa County, we will research it free and value it with the work shown.
Free, no obligation, and no pressure. We reply within one business day, usually faster.
Prefer the phone? Call or text 918-984-1645 and you will get Stephen, the owner, not a call center. If we miss you, we text back the same day.